Category Archives: Majors

2 May: Forecast: FX: US$/Majors

  EURUSD: 1.0903 EurUsd has had an uninspiring inside day on Tuesday, leaving the outlook unchanged. Technically, further choppy trade appears likely, but possibly with a slight upside bias, which should to continue to underpin the Euro in the next couple of days. The initial resistance will now be seen at around 1.2925 and then again at the… Read More »

1 May: Forecast: FX: US$/Majors

  EURUSD: 1.0897 Friday was choppy for EurUsd, with the Euro holding above the support at 1.0850 and rising sharply on the release of the EU inflation figure, reaching a high of 1.0947 before sagging lower into the close to finish the week at 1.0900. Technically, there is little change to the outlook, with further choppy trade looking… Read More »

28 Apr: Forecast: FX: US$/Majors

  EURUSD: 1.0873 The Euro is a little lower today after trading a range of 1.0851/1.0932, capped by Mario Draghi’s slightly dovish outlook for the EU after the ECB left rates unchanged. Technically, there is little change to the outlook, with the initial resistance now seen at 1.0900 and 1.0930, which comes ahead of the stronger level at… Read More »

27 Apr: Forecast: FX: US$/Majors

  EURUSD: 1.0904 The Euro was again capped at 1.0950 on Wednesday, allowing the 4 hour charts to turn lower from overbought extremes as the dollar regained some of its recent lost ground. The Euro has traded to a low of 1.0855 ahead of a bounce, to currently sit in the middle of the day’s range at 1.0900.… Read More »

26 Apr: Forecast: FX: US$/Majors

EURUSD: 1.0925 The Euro has had a strong session in reaching 1.0949, and looks as though it could head higher still over the next few sessions although the 4 hour charts are now approaching overbought extremes, so some caution is warranted on the topside, particularly in view of Donald Trump’s impending tax announcement, which could see renewed strength… Read More »

18 Apr: Forecast: FX: US$/Majors

  EURUSD: 1.0645 The Euro has traded within a tight 1.0602/1.0670 range, in thin conditions, on Monday, having been choppy and without too much direction over the Easter break. Technically, while the dailies remain very mildly negative, the short term momentum indicators are neutral and hint that we may be in for further choppy trade ahead, possibly largely… Read More »

12 Apr: Forecast: FX: US$/Majors

  Reports this week will go through to Wednesday and recommence next Tuesday. EURUSD: 1.0605 Having reached a low of 1.0578 on Tuesday, the Euro has recovered, mildly, following a combination of a stronger than expected ZEW, some uninspiring comments from Janet Yellen at the end of the previous session and a slightly softer US$, as traders moved… Read More »